SINGAPORE: The number of active start-ups in Singapore jumped by more than 58 percent -- from 2005 to 2012 -- to 39,000, according to a study of Singapore's entrepreneurial landscape by the Entrepreneurship Review Committee.
The study also showed that more youths are thinking of becoming entrepreneurs.
The number of successful start-up exits has also increased.
Responding to a question in Parliament on Tuesday, Minister of State for Trade and Industry Teo Ser Luck said the committee has recommended that the private sector play a larger role in shaping the entrepreneurship landscape.
He said: "The committee recommended that focus be given to helping start-ups grow, through facilitating collaboration with larger companies and expanding overseas.
"Finally, the committee recommended continued focus on infrastructure to support start-ups, and training and education to equip youths with entrepreneurial skills." - CNA/al
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